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Icahn Is Said to Push Ahead With Bid to Control Occidental Board

(Bloomberg) — Carl Icahn‘s advanced his effort to replace Occidental Petroleum Corp.’s entire board by submitting nominations for as many as 14 directors, according to people familiar with the matter.Icahn, who owns a stake in the company valued at about $1 billion, filed his slate of directors on Tuesday, said the people, who asked not to be identified because the matter is private. The candidate slate is designed to replace all 10 members of the current board as well as fill new seats that might be created under Occidental’s bylaws, the people said.A representative for Icahn declined to comment. A …read more […]

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Connected car prices may rise if Qualcomm wins antitrust case: auto makers

The cost of cars equipped with ultra-fast 5G wireless technology is likely to go up if microchip supplier Qualcomm Inc’s patent licensing practices fail to change, a trade group representing major automakers and two leading automotive suppliers said in court filings on Friday.

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UPDATE 1-Connected car prices may rise if Qualcomm wins antitrust case -auto makers

The cost of cars equipped with ultra-fast 5G wireless technology is likely to go up if microchip supplier Qualcomm Inc’s patent licensing practices fail to change, a trade group representing major automakers and two leading automotive suppliers said in court filings on Friday. Qualcomm is seeking to overturn a sweeping antitrust decision requiring it to renegotiate its licensing agreements at reasonable prices. Appeal proceedings in the case brought by the U.S. Federal Trade Commission are expected to begin in January, but Qualcomm’s opponents are weighing in early to argue that the anti-trust decision should be allowed to …read more […]

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U.S. authorities arrest Ethereum research scientist Virgil Griffith for assisting North Korea in evading sanctions

The office of the U.S. Attorney for the Southern District of New York and the FBI announced today that it has arrested and charged Virgil Griffith for violating the U.S.The post U.S. authorities arrest Ethereum research scientist Virgil Griffith for assisting North Korea in evading sanctions appeared first on The Block. …read more […]